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We rented bikes last June for two hours to ride around Central Park on our own - it was lovely as all the flowering trees were out. Unfortunately I don't remember the name of the bike rental company, but it was located on 58th between 7th & 8th. just one block away from the entrance to the park. We wanted to go over to Riverside Drive, but it started to rain. Bring your own water bottles. The bikes wee of a good quality.

I found the company name on the internet, just keep exploring.

We reserved well in advance, but when we arrived that day there were plenty of bikes.

The Boat House in Central Park also has rental bikes, but if I remember correctly they were a little more expensive & didn't open until late, as we wanted to start our trip at 9a.m.

There are two that I know of (cannot remember the name) one on 88th and Lexington Avenue and another on 87th and Lexington Avenue where the rate is around $15.00 to $20.00 for the day (that was a year ago).

Bicycles are only allowed on the bike paths in Central Park, of which there are few.You'll be competing with cars for space in the bike lanes. Bikes aren't welcome on pedestrian paths, and will really limit your ability to see most of the park. They're good for a general overview of the place, but not if you're interested in really seeing much.